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1816 Oregon Ave
For Sale $1,229,990
$1,229,990
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,674 Sq Ft
Description
Offered at an unbeatable $1,229,900, this fully remodeled, move-in-ready 3-unit property in Long Beach is a rare find for savvy investors, boasting an impressive 6% cap rate. With the opportunity to generate over $100,800 in annual gross income, this property is perfectly designed to deliver steady cash flow, featuring current market rents of $2,600 for each of the two 2-bedroom units and $3,200 for the spacious 3-bedroom unit. Located just minutes from the beach, the property’s prime location offers incredible short-term rental potential, making it an ideal candidate for Airbnb and promising even higher returns. The units have been meticulously remodeled with modern amenities and high-quality finishes, ensuring that this turnkey property requires no additional work—just start collecting rent from day one. Additionally, the property includes 4 single-car garages, providing secure parking for tenants and potential for additional income, along with future opportunities for development or conversion into an accessory dwelling unit (ADU). With everything separately metered (except water) and minimal maintenance costs, this property is designed for hassle-free ownership and maximum profitability. Don’t miss out on this rare chance to own a high-income-generating property in a sought-after Long Beach location—act fast, as properties like this don't stay on the market long!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,229,990 |
| Property Type | Triplex (3-units) |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 1961 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7202030031 |
| MLS # | PW24140577 |
| Property ID | 320653958 |
| Lot Sqft | 6,674 |
| Zoning | LBR1N |
| Total Units | 3 |
| Days on Market | 108 |
| Original List Price | $1,299,990 |
| Date Updated | September 30, 2024 |
| Date Created | July 02, 2024 |
Listing Provided By
Ray Miramontes an agent of Circle Real Estate. Lic #01931740
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 30, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT